Xcel Energy Inc (XEL)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 13,441,000 | 14,206,000 | 15,310,000 | 13,431,000 | 11,526,000 |
| Total assets | US$ in thousands | 70,035,000 | 64,079,000 | 61,188,000 | 57,851,000 | 53,957,000 |
| Total asset turnover | 0.19 | 0.22 | 0.25 | 0.23 | 0.21 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $13,441,000K ÷ $70,035,000K
= 0.19
Total asset turnover for Xcel Energy Inc has been relatively stable over the past five years, ranging from 0.19 to 0.25. This ratio measures how efficiently the company is using its assets to generate revenue. A higher total asset turnover ratio indicates that the company is generating more revenue for each dollar of assets it owns.
In this case, Xcel Energy's total asset turnover has shown a slight improvement from 2020 to 2022, reaching its peak at 0.25, which suggests the company is making better use of its assets to generate revenue. However, there was a slight decline in 2023 and a more significant drop in 2024 to 0.19. This decrease could be due to various factors such as changes in the company's operating efficiency or asset management.
Overall, Xcel Energy's total asset turnover ratio indicates that the company is effectively utilizing its assets to generate revenue, but fluctuations in the ratio over the years may warrant further investigation into the company's operational efficiency and asset management strategies.
Peer comparison
Dec 31, 2024